It doesn’t help to go “Well, you know, it’s only up 2.7% as of last month…” when that’s really 2.7% on top of 2.4%, on top of 2.3%, on top of 2.4%, on top of 2.8, 3, etc. etc. etc.
There has not been a single break since 9.1%, it just keeps going up.
Only way it goes down is if there’s a recession. Pick your poison: recession or inflation. We’re damned if we do, damned if we don’t. There’s no way out of this that isn’t going to suck for a lot of people.
Well, sure…
Inflation rate was up 9.1% in June 2022.
https://tradingeconomics.com/united-states/inflation-cpi
It doesn’t help to go “Well, you know, it’s only up 2.7% as of last month…” when that’s really 2.7% on top of 2.4%, on top of 2.3%, on top of 2.4%, on top of 2.8, 3, etc. etc. etc.
There has not been a single break since 9.1%, it just keeps going up.
It never goes down… it’s always going up
Well depression brings it down. Not that I’d recommend that per se.
Only way it goes down is if there’s a recession. Pick your poison: recession or inflation. We’re damned if we do, damned if we don’t. There’s no way out of this that isn’t going to suck for a lot of people.
Only because the economic system is working as intended. There is always enough to go around, profits just get in the way of getting it around.